BUA Foods Plc Leads Stock Gainers Last Week, Stocks Market Gained N323 Billion

The newly listed BUA Foods Plc led gainers last week as stock investors gained N323 billion to extend 2022 profit to 4.07 percent.

During the week, investors exchanged 1.600 billion shares worth N32.716 billion in 22,607 deals during the week, in contrast to a total of 2.027 billion shares valued at N59.014 billion that exchanged hands in 15,750 deals in the previous week.

The Financial Service Industry led the activity chart with 731.264 million shares valued at 6.517 billion traded in 10,822 deals; thus contributing 45.71 percent and 19.92 percent to the total equity turnover volume and value, respectively.

The Conglomerate Industry followed with 403.646 million shares worth N452.909 million in 1,537 deals. In third place was the Consumer Goods Industry, with a turnover of 314.768 million shares worth N17.759 billion in 4,101 deals.

Transnational Corporation of Nigeria Plc, BUA Foods Plc and Jaiz Bank Plc were the three most traded equities, accounting for 775.685 million shares worth N16.625 billion in 2,644 deals. Therefore, contributing 48.49 percent and 50.82 percent to the total equity turnover volume and value, respectively.

The Nigerian Exchange Limited (NGX) All-Share Index gained 1.37 percent to close the week at 44,454.67 index points, up from 43,854.42 index points recorded in the previous week.

Market value of listed equities appreciated by N323 billion from N23.628 trillion achieved in the first week of 2022 to N23.951 trillion last week.

Similarly, all other indices finished higher with the exception of NGX CG, NGX insurance, NGX AFR bank Value, NGX Consumer Goods and NGX Lotus II Indices, which depreciated by 0.79 percent, 1.54 percent, 0.07 percent, 4.35 percent, and 1.34 percent, respectively while the NGX ASem, NGX Growth I and NGX Sovereign bond indices closed flat.

Thirty-three equities appreciated in price during the week, lower than Forty equities in the previous week. Thirty-five equities depreciated in price, higher than Thirty-one equities in the previous week, while Eighty-eight equities remained unchanged lower than Eighty-four equities recorded in the previous week. See top gainers and losers below.